Form 4: NMI Holdings EVP, Chief Sales Officer Norman Peter Fitzgerald Reports Changes in Beneficial Ownership
SEC Form 4
Norman Peter Fitzgerald, EVP, Chief Sales Officer of NMI Holdings, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Norman Peter Fitzgerald, an EVP and Chief Sales Officer at NMI Holdings, Inc., filed a Form 4 indicating changes in beneficial ownership.
- The report details the withholding of common shares to satisfy tax obligations related to the vesting of restricted stock units.
- These restricted stock units were granted on February 7, 2024, February 8, 2023, and February 9, 2022, and vest over three years.
- A total of 5,977 shares were withheld to cover these tax obligations.
- Following these transactions, Fitzgerald directly owns 36,756 common shares and 9,324 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions described are routine for executive compensation. Therefore, the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| February 9, 2022 | Date of grant for certain restricted stock units. |
| February 8, 2023 | Date of grant for certain restricted stock units. |
| February 7, 2024 | Date of grant for certain restricted stock units. |
| September 11, 2024 | Date of Power of Attorney execution. |
| February 7, 2025 | Shares withheld to satisfy withholding taxes due in connection with the vesting of certain restricted stock units. |
| February 8, 2025 | Shares withheld to satisfy withholding taxes due in connection with the vesting of certain restricted stock units. |
| February 9, 2025 | Shares withheld to satisfy withholding taxes due in connection with the vesting of certain restricted stock units. |
| February 11, 2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, NMI Holdings, Fitzgerald, Restricted Stock Units, Tax Withholding, Equity Compensation
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